According to a report by the Irvine, Calif.-based company CoreLogic, the change nationally during the same time period will be a 6.5 percent increase.
Palm Beach County will also see a 5.2 percent rise in prices from the beginning of 2014 to early 2015, while Broward County experiences only a .6 percent increase during that time period. Miami-Dade’s numbers were not immediately available.
The CoreLogic report says the price changes, which are a slowdown from the current rapid climb, are because of increasing inventories of new and existing homes. Developers are back building, while foreclosures continue to work themselves through the court system, possibly at faster rates because of judicial mandates and Florida’s new fast-track foreclosure law.
This entry was posted
on Monday, August 5th, 2013 at 7:31 am and is filed under Florida economy, Foreclosures, Housing affordability, Mortgages, Real estate bust.
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